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SAVCA Newsletter | 3 December 2013

Geared for Growth | Photo Opportunity | Members in the News

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SAVCA Newsletter: 3 December 2013

Dear SAVCA members and friends

Gearing up for 2014

To ensure you start 2014 on the right note, book your seat now at Private Equity in Southern Africa 2014: Geared for Growth at Spier, Stellenbosch, on Tuesday 11 February (the early-bird rate expires on 15 December 2013).

We’re pleased to announce that our morning keynote speaker is Clem Sunter, scenario planner and author of 21st Century Megatrends: Perspectives of a Fox.

Further details on the conference agenda, and the LP-Only Masterclass on the preceding afternoon, are listed in the main body of this newsletter.

SAVCA events: Insight and analysis

Meanwhile, you can catch up on any SAVCA events that you may have missed in the past fortnight:

  • Finn Elliot, Associate Director in the Corporate Law Advisory Practice at KPMG and the author of the KPMG report on the implications of FATCA for private equity in South Africa, presented his advice and focused on the practicalities of getting your fund ready for FATCA (available to SAVCA members only).
  • Along with the Investment Analysts Society of South Africa (IASSA) and the CFA South Africa Society, SAVCA hosted a presentation on Twin Peaks, the pending new financial regulatory regime in South Africa (Presentation available to all).
  • ABSA Corporate and Investment Banking provided SAVCA members with an overview of South African and African economic prospects, as well as the value of currency-hedge strategies when doing business in various African regions (available to SAVCA members only).
  • Sbu Luthuli, CEO and Principal Office of the Eskom Pension and Provident Fund, was the guest speaker at a SAVCA-hosted LP Roundtable. Sbu presented his perspectives on the EPPF’s long-standing allocation to private equity (available to SAVCA members only).

Contact the SAVCA team on +27 11 268 0041 or info@savca.co.za if you would like copies of the respective presentations.

Photo opportunity

In celebration of the South African private equity industry in 2013, we’re inviting each SAVCA-member firm to send us one photo that symbolises your firm’s high note from the past year. These will be included in a photo gallery on our revamped website. Add a caption of no more than thirty words and submit these to info@savca.co.za by Tuesday 10 December 2013.

New staff member at SAVCA

I am pleased to announce that Nicole Berger has joined SAVCA as Portfolio Manager. She already has proven herself as an enthusiastic staff member and I expect that she will make a notable contribution in helping serve the SAVCA membership.

Yours sincerely

Erika van der Merwe
CEO: SAVCA

SAVCA Events:

Private Equity in Southern Africa 2014: Geared for Growth takes place at Spier, Stellenbosch, on Tuesday 11 February 2014 (Early-bird rate expires on 15 December 2013).

Check out the conference agenda, which boasts topics such as:

  • The fundraising environment for Southern African private equity funds: Shifting trends and winning strategies
  • Deal flow dynamics in Southern Africa
  • Optimising the funding structure of private equity deals
  • Active Value Management to boost performance
  • How institutional investors are accessing private equity in Southern Africa

Confirmed speakers include:

  • Sbu Luthuli, CEO and Principal Officer: Eskom Pension and Provident Fund
  • John Bellew, Partner: Webber Wentzel
  • Thierry Dalais, Founder and Executive Chairman: Metier
  • Andrew Hall, Principal and Executive Director: Trinitas Private Equity
  • Christopher Clarke, Director and Principal: Inspired Evolution
  • Michael Rudnicki, Director, Corporate Tax: KPMG
  • Stuart Harrison, Head: Acquisition and Leveraged Finance: Nedbank Capital

Visit the conference website to register your attendance.

LPs are invited to attend the LP-Only Masterclass on the afternoon of 10 February 2014, preceding the summit. This half-day seminar is open exclusively and on a complimentary basis to approved LPs.  LPs to register for the summit in order to attend

The conference is brought to you by SAVCA, in partnership with EMPEA and FT Live and is the premier event of the private equity industry in Southern Africa. Book by 15 December 2013 to secure your early-bird discount, which is a further £100 off the already-discounted rate SAVCA-member rate.

Regulation:

We’re grateful to SAVCA members who have given detailed responses to our quick survey on experiences in registering key individuals as part of their FSB licensing process. Anonymous and high-level findings will be communicated to the FSB.

SAVCA in the News:

SAVCA interviewed on Fine Music Radio, by Lindsay Williams: 28 November 2013 http://www.fmr.co.za/fine-business-radio

SAVCA Members in the News:

Harith acquires FMFML for undisclosed sum
http://www.africaammagazine.com/harith-acquires-fmfml-for-undisclosed-sum/

Business Partners Limited commits US$ 6 million to BPI East Africa LLC
http://www.businesspartners.co.za/knowledge-hub-cat/bpi-in-focus/posts/business-partners-limited-commits-us6m-to-bpi-east-africa-llc-1531/

Phatisa’s African Agriculture Fund acquires stake in Malawian equipment company
http://www.howwemadeitinafrica.com/phatisas-african-agriculture-fund-acquires-stake-in-malawian-equipment-company/32780/

Convergence Partners launches $145m infrastructure fund
http://www.humanipo.com/news/37273/convergence-partners-launches-45m-infrastructure-fund/

Vantage Capital Ventures into Renewable Energy
http://www.vantagecapital.co.za/news-and-reports/articleType/ArticleView/articleId/524/Vantage-Capital-ventures-into-renewable-energy.aspx

Lereko Metier Capital Growth Fund exits Surgical Innovations
http://www.bdlive.co.za/business/healthcare/2013/11/26/ascendis-makes-its-first-acquisition-as-listed-entity

The Abraaj group and Swedfund invest in private hospitals in East Africa
http://www.cpifinancial.net/news/post/24402/swedfund-the-africa-health-fund-through-the-abraaj-group-invest-in-private-hospitals-in-east-africa#.UpIGo7GtSTM.twitter

Electra Private Equity Net Asset Value, Returns Up
http://www.lse.co.uk/AllNews.asp?code=mn99tlfb&headline=Electra_Private_Equity_Net_Asset_Value_Returns_Up_Again

Industry News:

Private Equity Africa reports in excess of $2billion in 2013 fund closings
http://www.africanbusinessreview.co.za/money_matters/private-equity-africa-reports-in-excess-of-2billion-in-2013-fund-closings

Top US private equity players share their thoughts on investment in Africa
http://www.howwemadeitinafrica.com/top-us-private-equity-players-share-their-thoughts-on-investment-in-africa/32601/

Contact the SAVCA office with any queries:

+27-11-268-0041
info@savca.co.za

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